The market ended last week up about 1% with Large-cap Growth leading the way, up 1.15%. Worst was the cap/style that has led for over a year, Small-cap Growth, up only 0.08%. Clearly, traders were cautious, as value did better than growth in Mid- and Small-caps. Large-cap leading is another sign of caution.

I doubt that this will come as much of a surprise even to the most bullish Tesla Motors, Inc. (TSLA) investor. The irony of incorporating lyrics from KISS, a band which has made a very nice living on hype and theatrics, shouldn’t be lost when relating to Tesla. Co-founder, Elon Musk, an inventor and entrepreneur who isn’t shy about hyping his cool electric vehicle into a $21 Billion valuation, said the following after Q1’s positive free cash flow claim:

The Eurozone has mainly been off the virtual front page of the financial section for the majority of the year to date. And for investors who may be wondering what all the quiet is about, wonder no more. For the moment at least, the single-currency union has been playing nice and may offer investors an opportunity to jump back into the water, or at least stick in a toe.

Despite overwhelming damage to America’s global face, the dysfunctional politicians in Washington passed a temporary solution to the budget and debt ceiling problems at the very last minute. But really they only kicked the ball two or three months down the road. Imagine going through this again in early January after Congress takes its holiday break.

Sabrient's Baker's Dozen 2013 is up 37.24% since January 11, 2013. The top 5 performers are EPL +80.10%, GNW +71.27%, JAZZ +53.61%, STX +50.32%, and OCN +47.91%. All 13 stocks are positive; 12 have double-digit gains, and the only single-digit performer, ASH, is doing fine at +8.09%.Baker's Dozen 2013 up 37.24% YTD.

The Sabrient Earnings Busters Q4 is up 4.05% since October 1. Its top five include SAVE +25.40%, WOR +16.46%, EPL +13.78%, BC +12.06%, and CTRX +9.52%. Seventy-five percent of the 20 stocks are in positive territory.

As most everyone expected, Congressional brinksmanship gave way to an eleventh hour agreement that will put the government back in business and raise the debt ceiling. However, it’s only a temporary measure that merely defers another knock-down/drag-out for a few months. The question is, how will investors react after an initial bullish burst of relief?

Gridlock is still in place. Markets are very wary (and weary) today. You would think that last Thursday and Friday would have demonstrated to Congress that even a hint of settlement is very welcome news. But now it is the Democrats turn to flex their muscles and demonstrate their power. Obviously, that is not what we elected them to do.

The intransigence continues in Washington, and it has kept stock market buyers at bay until they get the go signal from Congress. This has left the sellers in control as investor sentiment has temporarily shifted from a buy-the-dip mentality to protect-your-gains and preservation-of-capital.

The market had a very rough opening this morning with the Dow down over 100 points and the S&P and Nasdaq looking weak. Yet, the market rebounded a little, cutting some of the losses. Did you hear or read anything over the weekend that made you feel good about anybody solving the budget and debt issues soon? We have 10 days!

Stock market bulls have been reluctant to let the market fall very far. Support seems to arrive whenever the bears get too bold. It seems the bulls are bound and determined to have their Q4 rally, especially with the Fed continuing to blow wind in their sails. They just need Congress to wave the green flag.